Limits & Collateral Management Manager

Job description / Role

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Job Purpose

Carry out efficient and prompt processing of all activities related to limits & collateral management including origination, maintenance and settlements, reconciliation procedures and availability of adequate controls to avoid and operational risks. Manage issues related to systems, housekeeping, internal audit, fraud, AML, Compliance, Business Continuity Management (BCM) and internal controls. And conduct checker activities under Limits & Collateral Management within the agreed SLA.

Principle Accountabilities

Carry out checker activities in the systems: Creation or maintenance of following activities:

- Responsible for all the e2e Checker activities covering Limits & collateral management
- Tangible collateral details as per the credit approval/facility documentation in Emirates Movable Collateral Registry (EMCR) before setting up limits
- Clients' limits, maintenance & cancellation of same as per Credit approval/facility documentation including interest rates for Overdraft facilities Borrower accounts are maintained in system with appropriate grades.
- Collection of all processing fees on timely manner to avoid any income leakage
- All Collaterals details, including placement & removal of lien on client's deposits, share mortgages, vehicle mortgages etc... based on credit approval/facility documentation.
- Creation, maintenance & cancellation of covenants as per the credit approval/facility documentation
- SIC codes are properly fed in to the system.
- Manage activities related to limits management such as Downgrade/upgrade accounts, interest in suspense, write off account, credit review date etc are updated in the required systems in line with credit and other systems
- Monitor all LTV monitoring (Gold, Shares, Oil and other commodities) on periodical basis including Asset revaluation. Any breaches are actioned immediately under advised to Business and credit.
- Ensure accurate client related data are published in client related letters such as audit confirmation, liability & no liability reports, inward & outward status reports etc....
- Ensuring that price revisions are updated in system as per approval terms or as and when advised by Management.
- Monitor all AML compliance, FRR & Legal queries including placing hold and removal based on instructions from Legal, FRR, AML & Compliance departments
- As and when it's required by the team management to act as a checker to carry out other unit processes within Credit Middle Office activities.

Achieve Operational & control efficiency by:

- Measuring and monitoring the standard processing time and transaction volumes, bring about productivity improvement through bench marking
- Ensure all under limits & collateral activities are performed as per Operations Procedure to achieve satisfactory audit rating for the Unit.
- Carry out activities with "zero" operational losses
- Ensuring reduction in re-work rate. Review and centralize the control activities as per management directive, implement automation to gain more control efficiencies.
- Adherence to SLAs and TATs agreed with stakeholders & improving TAT for credit processes by automation
- System issues and related remedies to raise and follow up for correction
- Apply remedies for Internal and External/UAE Central Bank inspections remarks with respect to Limit input /pricing, etc.
- Implementing Credit Control policies and procedures of the Bank, relevant guidelines of UAE Central Bank/Government
- Conduct Periodical review of Credit Control guidelines based on changes witnessed in the market,
- Checking of EOD reports to ensure activities are performed as per Operations Procedure to & update SOP's periodically to achieve satisfactory audit rating for the Department
- Conduct periodical review of Credit Control guidelines based on changes witnessed in the market

Requirements

Requirements
Experience and Qualifications

- 5 to 8 years of banking experience and 5 years in the Credit administration functions, including managerial responsibilities.
- Good understanding of banking operations, Bank's policies, procedures, guidelines, statutory requirements, market conditions including systems
- Bachelor's Degree

Skills

- Good command of English language
- Excellent communication and report writing skills
- Planning and organizing skills.
- High level of interpersonal and negotiating skills.
- Computer literate with strong working knowledge of business software applications, particularly word/excel and spreadsheets

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.